MFI-Focused Elevar Equity Raises US$70Mln

Elevar Equity Advisors has raised a US$70 million fund, which will invest in microfinance and other essential services in India, Mexico, the Philippines and Peru. This is the third fund of Elevar, which currently manages two funds worth around US$100 million and makes growth capital investments in emerging markets. Unitus Equity Fund is Elevar’s first microfinance focused fund, while Elevar Equity II (previously Unitus Equity Fund II) is the poverty focused fund of Elevar.

Elevar has already invested in several MFIs in India and its portfolio includes SKS Microfinance, Ujjivan Financial Services, Grama Vidiyal, Madura Microfinance and Swadhaar FinServe.

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